Ether Merger To Be The Next Big Thing In Cryptoverse
NDTV
Ether's market capitalisation of $363 billion is less than half bitcoin's, and together the two make up 60 per cent of the crypto market
Ether has promised to do better. It has promised to go to the next level, edging out crypto rivals and even outshining the godfather, bitcoin. But the clock's ticking.
The number two cryptocurrency was supposed to be weeks away from the "merge", a transformative June upgrade of its blockchain Ethereum to make it faster, cheaper and less power hungry, holding out the prospect of a meaner and cleaner crypto future.
The anticipation had supported ether this year, even as inflation and monetary tightening shackled bitcoin. But that merge - which would see ether mining transition away from the energy-intensive proof-of-work method to proof-of-stake - has been delayed, frustrating investors.
"The timeline for seeing this launch continues to extend," said Brendan Playford, founder and CEO of decentralized financial data platform Masa Finance.
